Podcasts about National Apartment Association

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Best podcasts about National Apartment Association

Latest podcast episodes about National Apartment Association

The NAA Apartmentcast
The NAA Apartmentcast - A Conversation with NAAEI President Kelli Lea

The NAA Apartmentcast

Play Episode Listen Later May 23, 2025 26:24


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we are joined by Kelli Lea, Regional Property Manager for Greystar and 2025 President of the National Apartment Association Education Institute (NAAEI) Board of Directors, who provide an update on all the exciting things happening at National Apartment Association Education Institute, including the latest on its growth strategies and the launch of NAAEI's Career Mapping Tool.  Learn more about NAAEI credentials, as well as online training and continuing education credits, courses and resources available through the Visto, NAAEI's online learning platform. And don't miss the new Career Map Tool from NAAEI.

The NAA Apartmentcast
The NAA Apartmentcast - Spotlight on Rental Housing Affinity Groups

The NAA Apartmentcast

Play Episode Listen Later May 20, 2025 48:43


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, guest host Todd Hignite, Vice President of Hearth Management and a member of both the 2025 NAAEI Board of Directors and NAA's DE&I committee, sits down with rental housing affinity group leaders, including Steve Hatten, Regional Sales Executive at Kwikkit and representing Once A Warrior; Monica Frazier, General Manager at Midwood Investment & Development and representing Melanin in Multifamily; Justin Jones, AI Evangelist at Hyly.AI, and representing Multifamily Q Space; and Joelis Barandica-Rodriguez, a Regional Portfolio Manager and representing Latinas in Property Management.During Apartmentalize, find the Affinity Group Pavilion by the NAAHQ Booth in the West Hall of the Las Vegas Convention Center. Wednesday hours are from 10 a.m. to 1 p.m., and again from 5:30 p.m. to 6:30 p.m. On Thursday, from 9 a.m. to 3:30 p.m., and Friday from 9 a.m. to 11 a.m. 

The NAA Apartmentcast
The NAA Apartmentcast Sponsor Series - AppFolio - Understanding Renter Preferences to Maximize Your Performance in 2025

The NAA Apartmentcast

Play Episode Listen Later May 1, 2025 37:03


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this sponsored episode, we sit down with Appfolio's Stacy Holden, Vice President and Industry Principal, and Adam Feinstein, Vice President of Product Management, to review the findings of Appfolio's renter preferences research and discuss how those discoveries can translate to maximizing performance in 2025.Visit AppFolio for more. 

The NAA Apartmentcast
The NAA Apartmentcast - The Ongoing Evolution of Amenity Spaces

The NAA Apartmentcast

Play Episode Listen Later Apr 22, 2025 32:25


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's industry Research Analyst Eri Bajomo to dive into the findings of NAA's latest research project, “The Ongoing Evolution of Amenity Spaces.” Visit the research section on NAA's website to explore this new report as well as all of NAA's research offerings, including Income/Expense IQ data, industry trends, housing policy research, the apartment market pulse, dollar of rent and much more.

Secrets of Staffing Success
[Stage] Patrick Morin - Your Culture is Your Competitive Advantage

Secrets of Staffing Success

Play Episode Listen Later Apr 7, 2025 40:25 Transcription Available


Company culture strategy isn't just important—it is your competitive advantage. In this powerful conversation from Take the Stage, Brad Bialy sits down with Patrick Morin, Partner at Transact Capital, to explore why company culture is more than a part of the business—it is the business. Especially in the highly commoditized staffing industry, culture is the invisible hand that shapes performance, retention, and client trust. Drawing on insights from Bill Taylor (Fast Company) and firsthand experience in M&A and organizational leadership, Patrick breaks down: Why culture defines your brand more than your strategy doc ever will How top-performing firms build cultures of accountability, learning, and responsibility The role of leadership in embedding values into operations, not just words How cultural fit—even for a 12-week assignment—can drastically improve outcomes Why the most disruptive companies hold everyone, even executives, accountable The golden framework for owning, competing, and reaching for business in uncertain times If you've ever felt like your staffing firm lacks a true differentiator—this is the conversation you can't afford to miss.   Chapters and Key Moments: 00:01 – Culture is the strategy: unpacking Bill Taylor's insight 02:15 – Innovation as differentiation in a commoditized staffing world 03:47 – Top-down and grassroots culture development 05:12 – Hiring for cultural fit vs. skills 06:41 – Embedding temps into client culture 08:00 – Necessary evil to trusted advisor 11:28 – Culture of accountability, responsibility & learning 14:57 – A story of accountability—from the maintenance guy up 16:30 – Humility and “I'm sorry” as leadership superpowers 19:28 – Empathy and handwritten notes: the human advantage 24:32 – Own, compete, and reach: a framework for market strategy 28:31 – How to pivot in uncertain markets 30:58 – Optimism for the future of staffing 32:32 – About Transact Capital Partners 36:12 – Advice for new staffing professionals   About the Speakers Brad Bialy is host of Take the Stage and InSights, two of the leading podcast for the staffing industry. He has a deep passion for helping staffing and recruiting firms achieve their business objectives through strategic digital marketing. For over a decade, Brad has developed a proven track record of motivating and educating staffing industry professionals at over 100 industry-specific conferences and webinars. As a visionary leader, Brad has helped guide the comprehensive marketing strategy of more than 300 staffing and recruiting firms. His keen eye for strategy and delivery has resulted in multiple industry award-winning social media campaigns, making him a sought-after expert and speaker in the industry.   Patrick Morin is a partner with Transact Capital Securities, a Richmond, Virginia- based investment banking firm that specializes in mergers and acquisitions of privately-owned companies with enterprise values up to $250MM. Transact specializes in the staffing industry, serving clients in technology, light industrial, marine/stevedoring, skilled labor, hospitality, logistics, financial & administrative, legal, and medical staffing specialties. He was also one of the founding partners of BrightHammer, LLC., a global consultancy engaged by private equity groups, boards of directors, and CEOs to improve the performance of their invested companies. BrightHammer works with select start-ups, growth companies, and turnarounds to stabilize operations and ramp up revenue and employee performance. Prior to his current engagement, he was seven years as Senior Vice President with Cornerstone Realty Income Trust, Inc., a New York Stock Exchange-traded company that owned and operated apartments throughout the US. Before joining Cornerstone, Mr. Morin was with Dale Carnegie Training for five years and was an instructor for almost two decades. He was ranked among the top instructors globally and was a member of the elite Global Delivery Team. While a member of the National Speakers Association, he personally conducted thousands of keynotes and training meetings for businesses, associations, government agencies and community groups. Notable groups he's addressed include: the National Independent Staffing Association, McDonalds, National Association of Women In Construction, NASA, the National Ground Intelligence Center, the DEA, National Apartment Association, and the staffing associations of NY, Wisconsin, New Jersey. Mr. Morin appears on television, radio, and in print (Forbes, CNBC, Crain's) as an authority in his field and wrote a weekly column on sales for the Central Pennsylvania Business Journal and www.lendio.com. He serves on the boards of several local charities including the YMCA and the Franks Foundation. Patrick makes his home in Richmond, Virginia and in chairlifts of ski resorts around the country.

ApartmentHacker Podcast
1,986 - Unlocking Team Potential with the “Yes, And” Principle | Multifamily Leadership

ApartmentHacker Podcast

Play Episode Listen Later Apr 6, 2025 3:39


Ever been in a meeting where every idea gets shot down with a “Yeah, but…”?In this episode of Multifamily Collective, Mike Brewer introduces the "Yes, And" Principle—a tool borrowed from the world of improv that can transform your team culture and collaboration. Instead of shutting down ideas, this approach validates contributions, fosters creativity, and opens up the space for unexpected breakthroughs.Mike shares how this simple shift—from “Yeah, but” to “Yes, and”—can lead to a third mind effect. That's when collaborative energy produces ideas greater than any one person could create alone. And in the high-stakes world of Multifamily leadership, that kind of team synergy is gold.

The NAA Apartmentcast
The NAA Apartmentcast - Lessons From a Career in Commercial Real Estate Research

The NAA Apartmentcast

Play Episode Listen Later Apr 4, 2025 31:22


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's VP of Research Paula Munger, who after an illustrious career in commercial real estate research and nine years at NAA, has announced her retirement. Listen as we walk through her career and lessons learned, and maybe even a prediction or two about the future state of the rental housing industry. Visit the research section on NAA's website to explore all of NAA's research offerings, including Income/Expense IQ data, industry trends, housing policy research, the apartment market pulse, dollar of rent and much more.

The NAA Apartmentcast
The NAA Apartmentcast - 2025 Federal Legislative Priorities

The NAA Apartmentcast

Play Episode Listen Later Mar 13, 2025 26:13


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's AVP of Federal Legislative Affairs Owen Caine to walk through the rental housing industry's federal legislative priorities for the 119th Congress. For those interested in learning more about housing policy, NAA has a wealth of resources, including a policy issues library, the Apartment Advocate and Apartment Advocate Pro newsletters, and much more, all on NAA's website. You are also invited to register for Advocate, NAA's annual advocacy conference and Lobby Day, March 25-26 in Washington, D.C. 

The NAA Apartmentcast
The NAA Apartmentcast - Behind the High Cost of Rent

The NAA Apartmentcast

Play Episode Listen Later Mar 7, 2025 31:52


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we are once again joined by Leah Cuffy, NAA Director of Advocacy Research, to discuss the key findings and implications of “Behind the High Cost of Rent,” which is recently released research sponsored by NAA and NHMC that examines the unintended consequences of overregulating the rental housing industry.   Other resources referenced in this episode include Income/Expense IQ, NAA's Dollar of Rent and “Pro-Housing Designation Programs: How States are Incentivizing Pro-Housing Reform.”

The Lease-Up
NAA Insights: Why 2025 Is Shaping Up to Be a Good Year

The Lease-Up

Play Episode Listen Later Feb 12, 2025 14:12


With GDP growth in 2024 averaging 2.5 percent, the American economy is in good shape at the beginning of this year. The labor market remains strong, wage growth is elevated and nobody is forecasting a recession. However, stringent immigration policies from the current White House administration could pose risks.Paula Munger, vice president of research at the National Apartment Association, talks to Multi-Housing News Senior Editor Laura Calugar in the latestNAA Insights podcast.

Beyond Rent: Exploring Property Management
The National Apartment Association's (NAA) 20 on the Rise Program

Beyond Rent: Exploring Property Management

Play Episode Listen Later Jan 12, 2025 38:06


In 2019, the National Apartment Association (NAA) launched the 20 in their Twenties Program, which was founded as a way for NAA to engage with emerging leaders in the property management industry. Duy Vu of The Associated Management Company was a member of the inaugural class.Stefani Hurst of the NAA and Duy Vu join the podcast to discuss the recently rebranded program, now known as 20 on the Rise. While the project is still comprised of 20 individuals from various aspects of the multifamily industry, it has become more inclusive for people of all ages. This shift makes it possible for those entering the rental housing industry at all stages of life, with 10 years or less experience, to be eligible.Stefani and Duy further discuss how being involved in this program—as well as various local, state, and national apartment associations—can add value to your career. Benefits include networking opportunities, career development and growth, leveraging resources, free registration to Apartmentalize, recognition through awards programs, and support from colleagues—just to name a few.Stefani also outlines the parameters, qualifications, and how to apply to the 20 on the Rise Program. The deadline to submit an application is Friday, February 14, 2025.Explore additional Beyond Rent episodes by connecting with us on Facebook, Instagram, TikTok, LinkedIn, and YouTube.You can learn more about Stefani Hurst on LinkedIn, NAA on the organization's website; and Duy Vu on LinkedIn.Visit RentManager.com/Podcast to submit an idea for an upcoming episode of Beyond Rent and discover more about the program.Learn more about Rent Manager's industry-leading accounting, reporting, maintenance, and communication features at RentManager.com, or connect with us on LinkedIn, Facebook, Instagram, YouTube, and Twitter.

The NAA Apartmentcast
The NAA Apartmentcast - A Q3 Conversation with NAAEI President Kim Hurd

The NAA Apartmentcast

Play Episode Listen Later Dec 2, 2024 25:30


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we are once again joined by Kim Hurd, Executive Vice President of Property Management for KCG Companies in Indianapolis and 2024 President of the National Apartment Association Education Institute (NAAEI) Board of Directors, who walks us through all the great things that happened at NAAEI in the third quarter of 2024, including the recommendations from the NAAEI Growth Task Force. Learn more about NAAEI credentials, as well as online training and continuing education credits, courses and resources available through the Visto, NAAEI's online learning platform. 

The NAA Apartmentcast
The NAA Apartmentcast - Examining Q3 Results of NAA and John Burns Research & Consulting's Investor and Developer Survey

The NAA Apartmentcast

Play Episode Listen Later Nov 21, 2024 50:47


The National Apartment Association (NAA) and John Burns Research and Consulting have partnered on a quarterly investor and developer survey to provide insights into the multifamily housing industry. On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we are joined by Steve Basham, Research Manager, Rental Surveys, for John Burns Research & Consulting, who's here today to talk about the third quarter results of the survey.  Visit https://www.naahq.org/ for more.Please note that as is the case for all NAA Apartmentcast episodes, nothing contained within this podcast should be treated as legal advice. The information presented is for educational purposes only.

The NAA Apartmentcast
The NAA Apartmentcast - NAA's Eviction Moratorium Lawsuit Update

The NAA Apartmentcast

Play Episode Listen Later Nov 12, 2024 33:12


During the past few years, NAA has diligently worked to recover damages that housing providers suffered under the U.S. Centers for Disease Control and Prevention's (CDC) protracted eviction moratorium, which financially damaged rental housing owners and violated rights guaranteed by the U.S. Constitution. On August 7, 2024, the U.S. Court of Appeals for the Federal Circuit decided 2-1 that the case move can move forward against the federal government.On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we talk with John McDermott, retired NAA General Counsel, who offers an update on the legal action taken against the unconstitutional government overreach of the CDC's eviction moratorium and walks through the legal framework underpinning the case. Although NAA's efforts have proven successful with this recent appeals court decision, there is still an opportunity for property owners to join the lawsuit and recover business losses attributed to the unlawful CDC eviction moratorium. There is a five-year statute of limitations for possible plaintiffs to bring their claim and this lawsuit is open to all rental housing owners operating in a state or locality under the federal moratorium. Check eligibility at https://www.naahq.org/CDC-eviction-moratorium-lawsuit.  Visit https://www.naahq.org/ to learn more about the National Apartment Association.Please note that as is the case for all NAA Apartmentcast episodes, nothing contained within this podcast should be treated as legal advice. The information presented is for educational purposes only.

The NAA Apartmentcast
The NAA Apartmentcast - Spotlight on Independent Rental Owners

The NAA Apartmentcast

Play Episode Listen Later Nov 1, 2024 62:51


There are more than 40 million apartments in the United States, of which half are owned and operated by small portfolios, otherwise known as independent rental owners (IRO). On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we take a journey into the world of the IROs with NAA's 2024 IRO Committee Chair Megan Orser of Smart Apartment Solutions and Smart Moves, and 2025 IRO Committee Chair Jeff Ferony of TRIO Properties. For more information and resources for IROs, including the NAA Click & Lease small owner package, visit https://www.naahq.org/Please note that as is the case for all NAA Apartmentcast episodes, nothing contained within this podcast should be treated as legal advice. The information presented is for educational purposes only.

The NAA Apartmentcast
The NAA Apartmentcast - NAA's Legal Affairs Update

The NAA Apartmentcast

Play Episode Listen Later Oct 21, 2024 58:03


On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we sit down with NAA's Senior Staff Attorney Brittany Wood and NAA Staff Attorney Mark Russell to discuss happenings in the legal world that affect the management and operations of rental housing, including the striking down of the Chevron Doctrine by the Supreme Court. For more information on landlord-tenant law and legislative and regulatory compliance, visit https://www.naahq.org/Please note that as is the case for all NAA Apartmentcast episodes, nothing contained within this podcast should be treated as legal advice. The information presented is for educational purposes only. 

The NAA Apartmentcast
The NAA Apartmentcast - Let's Talk Rental Housing Maintenance

The NAA Apartmentcast

Play Episode Listen Later Oct 4, 2024 52:51


On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, guest hosted by NAA's Senior Manager of Industry Relations Tiana Heath, we sit down with Chris Caramanica, Director of Facilities for WinnCompanies, and Angie Drysdale, Regional Maintenance Director for Willow Bridge Property Company, to discuss relevant and timely issues that affect rental housing maintenance.  For more information on rental housing maintenance, including programs like Maintenance Legends and to review the forthcoming results of NAA's maintenance survey, visit https://www.naahq.org/

PropTalk
LIVE! From NAA: Trailblazers in Multifamily ft. Chris Burns

PropTalk

Play Episode Listen Later Sep 26, 2024 24:42


LIVE! From NAA's Apartmentalize 2024 in Philadelphia, Elizabeth Francisco - CXO of Inhabit - sat down with Chris Burns, SVP of Willow Bridge Property Company. Chris' experience as a leader in multifamily provides him with lots of insights, wisdom, and knowledge about managing and growing a portfolio through every up and down... and he's sharing some of that wisdom with us today!From handling hard times, growing certain skills that will help you in success, and how-tos on supporting your teams, Chris speaks to the realities of being a leader in multifamily... and what can make you a good one, too!About Chris: Chris Burns is the Senior Vice President at Willow Bridge and is responsible for all Southeast apartment management operations, totaling in excess of 23,000 units, as well as new business development throughout the region.Chris is a graduate with honors from Florida Atlantic University and holds the designations of CAPS (Certified Apartment Property Supervisor - National Apartment Association) and CPM® (Certified Property Manager - Institute of Real Estate Management). He is a former President of the Florida Apartment Association, a Member at Large for the National Apartment Association, and a past President of the Broward/Palm Beach Apartment Association.Prior to joining Willow Bridge, Chris was the Director of Residential Management for RMS Partners. Mr. Burns has over thirty-three years experience in property management and is a Licensed Real Estate Broker in the States of Alabama, Florida, Georgia, Mississippi, South Carolina and Tennessee.Connect with Chris Burns on LinkedIn here: https://www.linkedin.com/in/chris-burns-b40b164/About ResMan: ResMan delivers the property management industry's most innovative technology platform, making property investments and operations more profitable and easier to manage. ResMan's platform unlocks a new path to growth for property management companies that deliver consistent NOI improvement and brilliant resident experiences easier than ever before. To learn more about our platform, visit http://myresman.com/

The NAA Apartmentcast
The NAA Apartmentcast - Mental Health First Aid Training

The NAA Apartmentcast

Play Episode Listen Later Sep 25, 2024 39:30


On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, guest hosted by NAA's Senior Manager of Industry Relations Tiana Heath and Kendra Butterfield, Vice President at Elevation Real Estate Management and 2023-2024 Chair of NAA's Mental Health Subcommittee. Episode panelists are Stephanie Lloyd, National Account Executive with Smart Apartment Data; and Valerie Sargent, President of Valerie M. Sargent Inc. and President of Yvette Poole & Associates. They are taking over our airwaves today to talk about mental health in the rental housing industry, and specifically NAA's Mental Health First Aid Training. For more information, visit https://www.naahq.org/webinars/mental-health-first-aid-training

EmBRACE IT With Lainie & Estela - Look Good + Feel Good = Living Your Best Life With Disabilities
Embrace It: Episode 60 Delaney Norvor - Unlocking Your Voice

EmBRACE IT With Lainie & Estela - Look Good + Feel Good = Living Your Best Life With Disabilities

Play Episode Listen Later Sep 20, 2024 34:36 Transcription Available


Send us a textWhat if you could lead an entire team, present complex ideas, and engage in high-stakes discussions without ever speaking a word? This episode of the Embrace It podcast introduces you to Delaney Novor, an inspiring young leader who has mastered this art. As the Director of Product Management at the National Apartment Association, Delaney uses cutting-edge text-to-voice technology to navigate her professional and personal life seamlessly. Learn how she overcame communication barriers caused by dystonia and revolutionized her career, making her a beacon of empowerment for underrepresented professionals.From her first encounter with assistive technology in middle school to the sophisticated Speech Ninja platform she uses today, Delaney shares her transformative journey in an authentic and compelling manner. She recounts her experiences with a high school transcriber and the pivotal moment a remote job led her to fully embrace text-to-voice tools. Delaney's story is not just about technology; it's about resilience, innovation, and redefining what's possible. This episode is a must-listen for anyone curious about the intersection of tech and accessibility, and how it can enable everyone to work and live on their own terms.Follow Delaney on InstagramConnect with Delaney on LinkedInVisit Delaney's WebsiteBook an EmBRACE It WorkshopLooking for more great tips, hacks, and blog posts? Visit: Trend-Able.comFind more on Charcot-Marie-Tooth (CMT) and patient resources at: HNF-cure.orgFollow us on IG! @embraceit_podcast | @trend.able | @cmtwegotthisHosted by Lainie Ishbia and Estela Lugo.Embrace It is produced by Launchpad 516 Studios.For sponsorships and media inquiries, drop an email to: embraceit@lp516.comSubscribe to Embrace It with Lainie and Estela on Apple Podcasts and get notified of new episodes! https://podcasts.apple.com/us/podcast/embrace-it-with-lainie-estela-smashing-disability-stigmas/id1468364898Support the show

The NAA Apartmentcast
The NAA Apartmentcast - The Ripple Effect: Rent Regulation and Its Effects on Housing and Neighborhood Quality

The NAA Apartmentcast

Play Episode Listen Later Sep 16, 2024 29:06


On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we sit down with NAA's Leah Cuffy, Director of Advocacy Research, to walk through new research that explores what happens to housing and neighborhood quality when rent control enters the picture. To read the full study, visit https://www.naahq.org/ripple-effect-rent-regulation-and-its-effects-housing-and-neighborhood-quality.

The NAA Apartmentcast
The NAA Apartmentcast - A Q2 Conversation with NAAEI President Kim Hurd

The NAA Apartmentcast

Play Episode Listen Later Jul 22, 2024 20:02


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we are once again joined by Kim Hurd, Executive Vice President of Property Management for KCG Companies in Indianapolis, and 2024 President of the National Apartment Association Education Institute (NAAEI) Board of Directors, who walks us through all the recent announcements and great things happening at NAAEI in the second quarter of 2024.Learn more about NAAEI credentials, as well as online training and continuing education credits, courses and resources available through the Visto, NAAEI's online learning platform. Here you can also find details on the Training Needs Analysis Survey, DE&I Awareness Week and Diversity Leadership Program and Leadership Lyceum applications. 

ApartmentHacker Podcast
1,784 Event v Experience

ApartmentHacker Podcast

Play Episode Listen Later Jul 17, 2024 6:49


Are you tired of events that inspire you for a week but leave you unchanged? Let's explore transforming an event into a memorable, remarkable experience. Many industry conferences, like the National Apartment Association's Apartmentalize, fail to make a lasting impact. Attendees often leave inspired but struggle to implement what they've learned once they return to their routines. The typical conference setup is transactional: a trade show floor, educational sessions, and networking events. These formats fail to create a lasting impression, resulting in attendees returning to old habits. Shift from an event-centric model to an experience-centric one. Create immersive, memorable experiences that leave a lasting impact on attendees, much like the Savannah Bananas baseball team does with their extraordinary fan engagements. Consider the Savannah Bananas, a baseball team that creates unforgettable experiences for its fans. They personalize engagements based on social media insights, ensuring each visit is extraordinary and memorable. This model can be applied to industry conferences to make them more impactful. By transforming events into experiences, you can create lasting memories, foster deeper connections, and inspire meaningful action long after the conference ends. Attendees will remember the experience and become advocates, sharing their stories and bringing more attention to your brand. Map out the customer journey of your event. Identify key touchpoints where you can add extraordinary, unexpected elements. This could be personalized interactions, unique activities, or exclusive behind-the-scenes access. Don't just plan an event—craft an experience. Take a page from the Savannah Bananas' playbook and make your next conference one that attendees will discuss for years. Start by identifying one touchpoint you can enhance and see the difference it makes. 1. Map out the customer journey and identify critical touchpoints. 2. Personalize engagements to create memorable experiences. 3. Continuously innovate and add unexpected elements to keep the experience fresh and impactful. --- Support this podcast: https://podcasters.spotify.com/pod/show/mike-brewer/support

ApartmentHacker Podcast
1,784 Event v Experience

ApartmentHacker Podcast

Play Episode Listen Later Jul 17, 2024 6:49


Are you tired of events that inspire you for a week but leave you unchanged? Let's explore transforming an event into a memorable, remarkable experience. Many industry conferences, like the National Apartment Association's Apartmentalize, fail to make a lasting impact. Attendees often leave inspired but struggle to implement what they've learned once they return to their routines. The typical conference setup is transactional: a trade show floor, educational sessions, and networking events. These formats fail to create a lasting impression, resulting in attendees returning to old habits. Shift from an event-centric model to an experience-centric one. Create immersive, memorable experiences that leave a lasting impact on attendees, much like the Savannah Bananas baseball team does with their extraordinary fan engagements. Consider the Savannah Bananas, a baseball team that creates unforgettable experiences for its fans. They personalize engagements based on social media insights, ensuring each visit is extraordinary and memorable. This model can be applied to industry conferences to make them more impactful. By transforming events into experiences, you can create lasting memories, foster deeper connections, and inspire meaningful action long after the conference ends. Attendees will remember the experience and become advocates, sharing their stories and bringing more attention to your brand. Map out the customer journey of your event. Identify key touchpoints where you can add extraordinary, unexpected elements. This could be personalized interactions, unique activities, or exclusive behind-the-scenes access. Don't just plan an event—craft an experience. Take a page from the Savannah Bananas' playbook and make your next conference one that attendees will discuss for years. Start by identifying one touchpoint you can enhance and see the difference it makes. 1. Map out the customer journey and identify critical touchpoints. 2. Personalize engagements to create memorable experiences. 3. Continuously innovate and add unexpected elements to keep the experience fresh and impactful. --- Support this podcast: https://podcasters.spotify.com/pod/show/mike-brewer/support

Multifamily Streamlined with Leslie Mathis
Culture as a Differentiator - Managing Partner of Gallery Residential, Tracy Bowers

Multifamily Streamlined with Leslie Mathis

Play Episode Listen Later Jul 2, 2024 55:22


 In this episode, we chat with a real estate leader who has over three decades of real estate experience and has managed more than 250,000 units. Discover her unconventional career path, becoming a regional manager at a young age without ever being a property manager. She shares her strategies for putting people in roles where they thrive, the Enneagram's benefits in team understanding, and the importance of hiring for attitude over skills. Listen as she explains why trust is the foundation of unstoppable teams and how her morning team huddles play a pivotal role in their achievements. Tracy Bowers is a Managing Partner for Gallery Residential. Tracy comes to Gallery Residential with over 30 years' experience in the real estate arena. During her career she has been responsible for over 250,000 units collectively. Tracy enjoys working directly with the development and asset management teams, architectural firms, interior design team and marketing and branding firms to ensure a unified and innovative collaboration. Tracy earned her Bachelor of Business Administration/Management Information Systems degree from the University of Georgia. She followed with a Master of Science in Management and Organizational Behavior from Georgia State University. In addition, she earned an Interior Design degree from Art Institute of Atlanta. Tracy is a Certified Property Manager through the Institute of Real Estate Management, and a member of the National Apartment Association. She previously served on the board of the Atlanta Apartment Association and was Chairperson in 2019. She recently won the 2021 Globe Street Women of Influence Award and the Atlanta Business Chronicle 2021 Leaders in Corporate Citizenship Honor. Tracy resides in Roswell, GA with her husband, Johnny and their two daughters. Linked In: https://www.linkedin.com/in/tracy-bowers-026aa23Website: http://www.galleryresidential.comHear from Tracy about: Her unconventional path into the Regional Manager role.The Enneagram and how that helped her better understand others.Her passion for creating amazing customer journeys.Hiring for attitude and teaching the skills.How art can be in any form, not just a painting.How trust has propelled her organization's success and growth.The morning huddle she has with her team and why.How a walk is her best problem-solver.Connect with us!LinkedIn: https://www.linkedin.com/in/lesliemathisStreamline Website: https://www.streamlinemultifamily.comEmpowHER Website: https://empowhermultifamily.comInstagram: https://www.instagram.com/empowhermultifamily https://www.instagram.com/streamlinemultifamilySubscribe and leave a review for the Multifamily Streamlined Podcast here.Streamline Multifamily Group is your specialized consulting partner for multifamily operations, training, and more! We offer consultative support in project management, construction, development, renovations, auditing, and also organize industry events. Remember, no matter how well your property is doing, it could be doing better. Contact Leslie at LMathis@StreamlineMultifamily.com for more information. 

ApartmentHacker Podcast
1,765 Coffee Review - Commander's Palace: French Truck Coffee A Delightful Sip from New Orleans

ApartmentHacker Podcast

Play Episode Listen Later Jun 30, 2024 2:56


Welcome to another coffee review on Multifamily Collective https://www.multifamilycollective.com Today, I'm excited to share a special brew I received from my good friend, Kerry Kirby, Founder - @365ConnectCommunity 365Connect. During my visit to the National Apartment Association's Apartmentalize 2024 in Philadelphia, Kerry continued what has become a tradition - gifting coffee! This time, it's the Commander's Palace, a New Orleans staple known for its leading-edge Creole cuisine and vibrant Louisiana charm since 1893. Commander's Palace, in partnership with French Truck Coffee, brings us a unique blend featuring chicory, a local favorite. Upon tasting, this coffee impresses with its light and smooth texture, making it perfect for a late afternoon or pre-dinner sip. Its subtle chicory notes add a distinctive character without being overpowering. On a 10-cup scale, I'd rate it a solid 7.2 cups—definitely a brew worth trying! If you're intrigued, Commander's Palace Coffee is available on Amazon. Give it a try, and let me know your thoughts in the comments. Don't forget to like and subscribe for more coffee reviews and multifamily insights. Cheers! #Multifamily #PropTech #CoffeeReview #Leadership #Apartmentalize2024 #CommandersPalace #FrenchTruckCoffee #ChicoryCoffee #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork --- Send in a voice message: https://podcasters.spotify.com/pod/show/mike-brewer/message Support this podcast: https://podcasters.spotify.com/pod/show/mike-brewer/support

PropTalk
Trailblazers in Multifamily ft. Sherry Freitas

PropTalk

Play Episode Listen Later Jun 27, 2024 60:42


Elizabeth Francisco, CXO of Inhabit, sits down with Sherry Freitas in another episode of Trailblazers in Multifamily. This time, they're live from ResMania with a Bloody Mary in hand! Hear Sherry's insights into what a leader looks like and how to set up your properties up for success.About Sherry: With over 20 years of multifamily experience, Sherry is a strategic leader and change initiator with global experience in multifamily housing. During her career, she's had oversight of over 300,000 units, offering leadership and operational expertise to improve business performance. With extensive experience in high density U.S. markets, Europe, South America and Asia Pacific, her emphasis is with conventional multifamily, single family rentals, age restricted developments and corporate/short stay partnerships.A graduate of Radford University, Sherry holds a Bachelor of Business Administration in Marketing. She is a Certified Property Manager through the Institute of Real Estate Management and a member of the National Apartment Association, Georgia Apartment Association, and Atlanta Apartment Association. She currently serves on the board of the Atlanta Apartment Association and is the 2021 past chair of the Atlanta Apartment Association.About ResMan: ResMan delivers the property management industry's most innovative technology platform, making property investments and operations more profitable and easier to manage. ResMan's platform unlocks a new path to growth for property management companies that deliver consistent NOI improvement and brilliant resident experiences easier than ever before. To learn more about our platform, visit http://myresman.com/

The NAA Apartmentcast
The NAA Apartmentcast - A Conversation with HUD Principal Deputy Assistant Secretary Richard Monocchio

The NAA Apartmentcast

Play Episode Listen Later Jun 27, 2024 50:30


On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we sit down with U.S. Department of Housing and Urban Development (HUD) Principal Deputy Assistant Secretary, Office of Public and Indian Housing Richard Monocchio.  HUD and NAA have announced a unique and important collaboration, which features a seven-stop roadshow in advance of the 50th anniversary of the Housing and Community Development Act and creation of the Section 8 Housing Choice Voucher Program.This collaboration between NAA and HUD gives the rental housing industry a unique opportunity to share feedback and speak directly to HUD officials, as well as gives HUD the chance to hear real-time feedback on the nuance and challenges housing providers face with the HCV program. The tour, which kicked off in Philadelphia at NAA's Apartmentalize, will feature stops in Boston, Charlotte, Cleveland, El Paso, Lansing, Las Cruces and Tampa.Stay tuned to NAAHQ.ORG for ongoing updates on this important partnership. 

How Did They Do It? Real Estate
SA985 | Succeeding and Thriving in Most Aspects of Multifamily Investing with Michael Zaransky

How Did They Do It? Real Estate

Play Episode Listen Later Jun 21, 2024 32:35


Let's all learn from Michael Zaransky's decades of experience in the real estate space in today's episode!Michael joins us to share his expertise in multifamily investing, raising, managing, and preserving investors' capital, his sentiments on what's happening in the market, and his advice everyone shouldn't miss!Key Points & Relevant TopicsWhat attracted Michael to multifamily apartmentsThe difference between investors now and decades agoMichael's perspectives on selecting the right deals for investors in today's marketAdvice on raising capital and things investors want to see in an investment opportunityThe importance of communication and showing transparency to investorsStrategies for preserving investors' capitalMarket predictions in the next few yearsWhich investment markets are performing and worth investing inFostering a positive and innovative working culture and environmentResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Michael ZaranskyMichael H. Zaransky founder and managing principal of the real estate development and investment firm, MZ Capital Partners. MZ Capital Partners has been recognized by INC Magazine as one of the fastest growing private companies in America by placement on the INC 500 list as well as the Best Place to Work in Multifamily by the National Apartment Association. Michael has a wide range of real estate, banking, and financial experience and has been a licensed Illinois real estate broker since 1979. Michael is a member of the Forbes Real Estate Council, the Young Presidents' Organization (YPO-Gold), the National Apartment Association, and the Urban Land Institute. Michael is a past Chair of the Chicago Association of Realtors Commercial Division as well as the Realtor Association's Board of Directors and Executive Committee. Zaransky's firm, MZ Capital Partners multifamily developments have received numerous industry awards and recognition including the NAIOP Multifamily Development of the Year Award. He is a James Scholar graduate of the University of Illinois Urbana-Champaign and earned his J.D. at Northwestern University Pritzker School of Law. Michael has published numerous articles and lectured nationally on the subject of real estate investment. His real estate investment books “Profit by Investing in Student Housing” and “Purchase Rehab, and Reposition Commercial Investment Property,” real estate category best sellers, were published by Kaplan Publishing and are sold in major bookstores and online booksellers. Active in numerous trade, civic, and professional associations, Michael serves on the Board of Directors of the Crown Family Foundation and, as a past Chairman of the Board, on the Board of the Jewish Federation of Metropolitan Chicago/Jewish United Fund, one of the largest philanthropic organizations in the nation. Get in Touch with MichaelWebsite: https://mzcapitalpartners.com/ Email: mhz@mzcapitalpartners.com To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

The Cashflow Project
Utility and Revenue Solutions Through Sub Metering with Kelly Koontz

The Cashflow Project

Play Episode Listen Later Jun 5, 2024 35:13


Welcome back to another insightful episode of The Cashflow Project! Today, we have the pleasure of hosting Kelly Koontz from Sub Meter Solutions. Kelly brings his expertise to the table, discussing the game-changing benefits of using metering systems for leak detection in multifamily properties. He highlights how these systems not only save water but also lower insurance premiums, offering significant advantages for property investors. Together with our host, Steve Fierros, they'll delve into the cost-effective installation processes, the integration of metering data into property management software, and the impact on operational expenses. Plus, Kelly shares practical advice on financial freedom, smart system improvements, and reveals his superpower of galvanizing his team. Stick around as we also touch on upcoming events like the National Apartment Association show and the Hawaii Millionaire Mindset conference. Tune in for a wealth of knowledge and actionable insights that can drive your property management success and overall ROI! [00:00] Appreciate your help, let's find revenue. [03:08] Entrepreneur starts business, expands utility services nationwide. [06:49] Multifamily owners recover utility costs from residents. [09:50] Residents empowered, owners recover costs, tech benefits. [15:01] Exciting technology for leak detection saves money. [17:18] Kelly recommends active leak detection for savings. [20:57] Identify ROI, provide monthly utility billing service. [25:04] Recommendations for "Atomic Habits" and "The Demon of Unrest". [26:18] Leaders of the past still relevant today. [29:57] Reflect, learn, improve, inspire, connect, strategize. [33:35] Connect with carrier team, attend local meetups. Connect with Kelly Koontz Website LinkedIn Connect with The Cashflow Project! Website LinkedIn YouTube Facebook Instagram

The NAA Apartmentcast
The NAA Apartmentcast - Apartmentalize 2024 Education Preview

The NAA Apartmentcast

Play Episode Listen Later May 24, 2024 31:15


On this episode of the NAA Apartmentcast, the official podcast of the National Apartment Association, we sit down with NAA's Clark Ebbert, Director of Conference Education Programming, to chat about the variety of educational offerings at Apartmentalize, the largest, most important annual gathering of rental housing professionals. We will see you at Apartmentalize, June 19-21 in Philadelphia. 

Multifamily Streamlined with Leslie Mathis
The Heart of Multifamily: Relationship Building and Community Impact - Founder and Chairman of The Wilkinson Group, Inc., Jerry Wilkinson

Multifamily Streamlined with Leslie Mathis

Play Episode Listen Later Apr 30, 2024 46:55


Discover the heart of multifamily leadership with a visionary leader who has dedicated his career to building communities and fostering relationships. From his role as Chairman of the National Apartment Association to his philanthropic endeavors, his commitment to making a difference is evident. In this episode, he shares his insights into the multifamily industry, the power of intentional relationship-building, and the transformative impact of education. With a focus on building strong communities and empowering individuals, his journey is as inspiring as it is impactful. Jerry Wilkinson is founder and Chairman of The Wilkinson Companies, a privately- held real estate investment and management firm. Since 1984, Wilkinson has directed the operations and growth of the Wilkinson Companies and its subsidiaries. Wilkinson served as 2012 Chairman of the National Apartment Association (NAA). He has previously served as President of the Georgia Apartment Association (GAA) and the Atlanta Apartment Association (AAA). He is a member of the NAA and GAA Hall of Fame. He received a B.S. in Electrical Engineering from Duke University, an MBA in Finance from the Wharton School and has done post graduate work at Harvard. He is the recipient of the 2023 Philanthropist of the Year for the Association of Fundraising Professionals, Greater Atlanta Chapter. He has served on several Boards including the Duke University School of Engineering BOV, Community Foundation for Greater Atlanta, LaGrange College, Apartment Life Inc., and the Atlanta Community Food Bank. He has taught Bible Study for over 30 years and has served as Chairman of Deacons for Dunwoody Baptist Church. Jerry has made 13 mission trips around the world including India, South Korea, South America, China, and the Soviet Union. He and his wife, Beverly, have three daughters and eight grandchildren, and split their time between Atlanta, Georgia and Amelia Island, Florida.LinkedIn: https://www.linkedin.com/in/jerry-wilkinson-94b02330Hear from Jerry about:His amazing career journey.The challenge with bigger organizations.The skills learned in our industry being transferrable.How he intentionally gets to know his teams and build a connection.The one thing that can't be taken from you.The important role of apartment associations.Subscribe to and review the Multifamily Streamlined Podcast here.Streamline Multifamily Group is your specialized consulting partner for multifamily operations, training, and more! We offer consultative support in project management, construction, development, renovations, auditing, and also organize industry events.Ready to elevate your property's performance? Connect with Streamline Multifamily Group at www.StreamlineMultifamilyGroup.com !Registration for EmpowHER 2024 is now open, click here. For sponsorship opportunities, please contact jzhang@streamlinemultifamily.com.

Multifamily Streamlined with Leslie Mathis
Building Dreams and Building Leaders - COO with Lake City Living, Wendy Dorchester

Multifamily Streamlined with Leslie Mathis

Play Episode Listen Later Mar 19, 2024 45:27


In this episode, we sit down with the Chief Operating Officer of Lake City Living. With a passion for property management that traces back to her very first lease, she's now at the forefront of creating, supporting, and executing corporate growth and operations initiatives. With a keen focus on building a winning culture, multiplying leaders, and harnessing the power of technology, she's leading the charge towards greater operational excellence and resident satisfaction. From her early dreams of apartment ownership to her current role at the helm of a new owner managed organization, her journey is a testament to the transformative impact of authentic leadership and unwavering dedication.Wendy Dorchester, CAPS, is the Chief Operating Officer for Lake City Living, an owner operator focused on buying and creating value with assets in the Southeastern United States. She is charged with creating, supporting and executing corporate growth and operations initiatives. Through a winning culture, she is focused on multiplying leaders and increasing the use of technology at all levels; her passion for the Apartment industry is evident throughout her career. She also serves at the National Apartment Association level on the Education Advisory Board and Operations committee. Locally, she is a board member of Entryway, a national non-profit partnering with the apartment industry to create jobs and housing for situationally homeless individuals.Hear from Wendy about:Her love for property management since her very first lease.How she talks to people daily about how wonderful the industry is.Her dream of owning multifamily properties.The importance of loyalty and how that translates to better property performance.The industry growing up together - today's leasing consultant could later be the next VP and today's maintenance tech could later be the next VP of Facilities.What she credits her success to.The traits she would instill in every employee.The crippling effect of burnout.Her ways of recharging and refocusing.Subscribe to and review the Multifamily Streamlined Podcast here.Burning questions? A hot topic? Guest you'd like to hear? Email us at podcast@streamlinemultifamily.com.Streamline Multifamily Group is your specialized consulting partner for multifamily operations, training, and more! We offer consultative support in project management, construction, development, renovations, auditing, and also organize industry events.Ready to elevate your property's performance? Connect with Streamline Multifamily Group at www.StreamlineMultifamilyGroup.com !Registration for EmpowHER 2024 is now open, click here. For sponsorship opportunities, please contact jzhang@streamlinemultifamily.com. 

The NAA Apartmentcast
The NAA Apartmentcast - A Conversation with NAAEI President Kim Hurd

The NAA Apartmentcast

Play Episode Listen Later Mar 12, 2024 31:27


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we visit with Kim Hurd, Executive Vice President of Property Management for KCG Companies in Indianapolis, and 2024 President of the National Apartment Association Education Institute (NAAEI) Board of Directors, who walks us through all the recent announcements and great things happening at NAAEI, including the launch of the Platform for Apartment Credential Engagement (PACE).Learn more about NAAEI credentials, as well as online training and continuing education credits, courses and resources available through the Visto, NAAEI's online learning platform.

Multifamily Streamlined with Leslie Mathis
Navigating Challenges and Inspiring Change - Managing Director with Perennial Properties, Melissa White

Multifamily Streamlined with Leslie Mathis

Play Episode Listen Later Mar 12, 2024 51:42


Join us for a captivating discussion with Melissa White as she shares her remarkable journey in the multifamily industry. Discover how her background in the medical field prepared her for strategic leadership, and learn how she spearheaded positive change during challenging times. From advocating for industry diversity to championing eviction diversion programs, her commitment to the industry shines bright.Melissa White is the Managing Director at Perennial Properties, where her commitment extends beyond providing exceptional service to residents to enriching the neighborhoods they call home. With over 20 years in the multifamily industry, including 16 years in leadership, Melissa brings a wealth of knowledge to her role. Perennial, an owner-managed company, boasts a diversified portfolio, encompassing high-rise, midrise, and garden-style communities, including workforce housing and 55+ communities.Certified by the National Apartment Association with CAM and CAPS designations, Melissa's expertise lies in her innovative and results-driven leadership. Her keen analytical skills allow her to navigate complex financial data, making strategic investment decisions. Melissa's strategic mindset enables her to identify lucrative opportunities and mitigate risks, ensuring consistent asset performance. She actively engages with industry organizations, serving as Chair of the Board of Directors of the Atlanta Apartment Association and contributing to the National Apartment Association Services Board of Directors, among others. In January of 2024, Melissa made history as the first Black female Chair for AAA, a milestone she takes immense pride in achieving. Melissa also plays a crucial role in the City of Atlanta Mayor's Eviction Diversion task force, demonstrating her commitment to industry advocacy and community engagement.While Melissa is dedicated to her professional endeavors, she cherishes family time with her husband Isaac and their two children, Kal-el and Harmony. Melissa White's leadership, experience, and advocacy make her an influential figure in the multifamily industry, leaving a lasting impact on Perennial Properties and the Atlanta Apartment Association.Hear from Melissa about:Coming from the medical field and how well the dots connected to her career now.What happened early on that established her understanding of financials.Providing the right information for her owners to make a sound decision.The importance of defining the why.How getting owners and asset managers on camera more became a game changer.A blessing in disguise that didn't slow her down, but woke her up.How sometimes taking a step back is the way you take steps forward.Normalizing quitting before it becomes a toxic environment.Her new role at the Atlanta Apartment Association and how it was surprisingly unintentional.Subscribe to and review the Multifamily Streamlined Podcast here.Streamline Multifamily Group is your specialized consulting partner for multifamily operations, training, and more! We offer consultative support in project management, construction, development, renovations, auditing, and also organize industry events.Ready to elevate your property's performance? Connect with Streamline Multifamily Group at www.StreamlineMultifamilyGroup.com !

The NAA Apartmentcast
The NAA Apartmentcast - Federal Legislative Priorities for the Apartment Industry

The NAA Apartmentcast

Play Episode Listen Later Mar 6, 2024 24:00


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's trio of Federal Legislative Affairs Directors, Maria Spencer, Jason Lynn and Jodie Anderson to walk through the rental housing industry's federal legislative priorities. For those interested in learning more about housing policy, NAA has a wealth of resources, including a policy issues library, state-by state legislative tracker, the Apartment Advocate and Apartment Advocate Pro newsletters, and much more, all on NAA's website. You are also invited to register for Advocate, NAA's annual advocacy conference and Lobby Day, March 12-13 in Washington, D.C. 

Multifamily Streamlined with Leslie Mathis
Navigating the Real Estate Landscape - Ken Szymanski, NAA Lifetime Achiever

Multifamily Streamlined with Leslie Mathis

Play Episode Listen Later Feb 28, 2024 39:43


Get ready for an inspiring episode featuring a leader who dedicated over three decades to shaping the landscape of the Greater Charlotte Apartment Association and the Apartment Association of North Carolina. Hear about his remarkable journey from City Planning Degrees at the University of Albany-SUNY and Western Kentucky University to leading two prominent apartment associations simultaneously. Gain valuable insights into the importance of transparency, equity, and ethical leadership in the real estate industry. Tune in as we explore the future of affordable housing, the impact of new development, and the pursuit of economic fairness for all.Ken Szymanski, spent more than 30 years leading the Greater Charlotte Apartment Association as their Executive Director, and also spent the majority of his career as the Executive Director of the Apartment Association of North Carolina. He fully retired in December 2018.Ken received the NAA Lifetime Achievement Award for his work in the industry. While this is not all encompassing, his accomplishments include legislative successes, fair housing instructor, and actively involved in the affordable housing conversation. Also a member of the AANC Hall of Fame. Holds City Planning Degrees from the University of Albany-SUNY and Western Kentucky University.In addition to taking on the dual role of leading GCAA and AANC simultaneously, Ken also held multiple leadership positions at the National Apartment Association over the years, including chairing the Association Executive Council. He was also named Association Executive of the year on two separate occasions.Interesting note: His main volunteer duty since retiring 5 years ago has been conducting NPR Radio Public Affairs interviews for station WSGE out of Gaston College. 91.7 FM.Here from Ken about:His 1st job in the industry.The importance of our industry's reputation and being transparent.How he led the GCAA grow from 28K units to 170K units.Trend in household formation: 29% of all households are only 1 person who are less inclined to be homeowners.How the $1K rent per month is becoming a dinosaur.People are stretched more than ever before with rent growth climbing faster than the growth of wages.Everyone from the White House down says we need more supply, but who will be doing the development?Thoughts on if the shortage on housing will grow past what they have predicted.How he keeps up with the industry after retiring for 5 years now.Subscribe to and review the Multifamily Streamlined Podcast here.Burning questions? A hot topic? Guest you'd like to hear? Email us at podcast@streamlinemultifamily.com.Streamline Multifamily Group is your specialized consulting partner for multifamily operations, training, and more! Driven by our passion for comprehensive marketing and storytelling, we connect with prospective residents seeking a vibrant lifestyle, not just four walls. With a proven track record, we excel at creating captivating brands and messaging that make a lasting impact. We offer consultative support in project management, construction, development, renovations, auditing, and also organize industry events. Streamline embodies a creative and valuable approach to multifamily asset management and operations, disrupting the industry with our streamlined solutions. Ready to elevate your property's performance? Connect with Streamline Multifamily Group at www.StreamlineMultifamilyGroup.com !

Multifamily Streamlined with Leslie Mathis
Building Bridges: Nurturing Talent and Relationships - Dr. Debbie Phillips, The Quadrillion

Multifamily Streamlined with Leslie Mathis

Play Episode Listen Later Feb 18, 2024 39:30


Get ready for an insightful episode featuring a trailblazing real estate professional whose career spans diverse property types and leadership roles. Explore her journey from industry newcomer to internationally recognized leader, earning prestigious awards and accolades along the way. Dive into her passion for talent development and the urgent need to attract new voices to the industry. Gain valuable insights into talent acquisition, employee burnout, and the transformative power of vulnerability. Tune in as we explore the intersection of real estate, leadership, and personal growth.Debbie Phillips is an internationally recognized real estate professional with over 30 years of experience with diverse property types. As an entrepreneur, Debbie has a multi-faceted career including developing world class leadership development programs and talent management strategies. Just recently, Debbie was recognized as one of twenty Most Inspiring Women in 2022 by Woman Leaders Magazine. In 2020, Debbie received the J. Wallace Paletou award that recognizes individuals devoted to the betterment of the real estate profession and society as a whole. Debbie was awarded the first Real Estate Award of Excellence as a Certified Property Manager (CPM) in 2015 by the Institute of Real Estate Management (IREM) and received the 2013 Outstanding Educator Award by the National Apartment Association's Education Institute. In addition to her private consulting, Debbie serves as President of the Real Estate Career Academy. As part of her workforce development, Debbie serves on numerous boards and advisory councils related to economic development, business and industry partnerships and talent retention. She has become known as the Apartment Doctor as her multidisciplinary approach begins with an emphasis around human capital. Debbie completed her Ph.D. from Georgia Tech, where her research focused on Resident Satisfaction and Employee Engagement as she developed an Employee Engagement Model for the Multifamily Housing Industry. Debbie also holds a Master of Science degree in Housing & Consumer Economics, with an emphasis in Senior Housing, and a Bachelor of Science degree in Consumer Journalism, both from the University of Georgia. Her Master's research focused on lifestyle satisfaction for seniors and factors related to increasing engagement in shared housing. Debbie believes in the philosophy, "You can dream, build and create the most beautiful place in the world, but it takes PEOPLE to make the dream a reality." Debbie's passion is developing top tier talent that adds value to an organization through increased employee engagement. In addition to teaching and consulting, Debbie is an author and nationally acclaimed speaker. Hear from Dr. Debbie about: Her first opportunity and how her career took off.We all have a unique way of letting the light and love shine through us.The 100,000 additional workers needed in our industry by 2025.Our industry offers a portable career and economic equality.How the best talent is made organically.The importance of having space for grace.The meaning of life is to find your gift, the purpose of life is to give it away.Subscribe to and review the Multifamily Streamlined Podcast here.Streamline Multifamily Group is your specialized consulting partner for multifamily operations, training, and more. Connect with Streamline Multifamily Group.

M.P.I. Radio
How a Pro Entrepreneur ACTUALLY Thinks About Business w/ JP Maroney

M.P.I. Radio

Play Episode Listen Later Feb 1, 2024 46:46


Meet JP Maroney: a serial entrepreneur, investor, and philanthropist boasting 30+ years in the business world. With a diverse portfolio spanning publishing, media, software, e-commerce, and more, JP is a true industry trailblazer.Leading a dynamic group of companies and joint ventures, he also lends his expertise as an advisor and board member for various enterprises. With an impressive client roster featuring Wells Fargo, Century21, and the National Apartment Association, JP's impact is unmistakable. Connect with JP: JP Maroney's FREE Stuff From James: FREE Passive Income Masterclass (profityourknowledge.com)

Best Real Estate Investing Advice Ever
JF3436: How to Combat Rising Material Costs ft. Andy McQuade

Best Real Estate Investing Advice Ever

Play Episode Listen Later Jan 31, 2024 31:25


Welcome to the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert. Today's Headlines: Retail is Back, Baby: Retail vacancy has hit a 17-year low, prompting landlords to withdraw the rent discounts and concessions they've been offering struggling tenants since the pandemic. This signals intensifying competition, meaning that retail may officially be back. PHX Leads in Q4 Apartment Demand: Apartment demand in Q4 outpaced pre-COVID norms in some key markets, with Phoenix leading the way with an absorption of nearly 4,300 units in Q4 — close to 3,500 more than the annual average in the decade leading up to the pandemic. Rental Fraud on the Rise: According to a new survey from the National Multifamily Housing Council and the National Apartment Association, more than 70% of major apartment landlords say they have seen an increase in fraudulent rental applications over the past 12 months. With this report, it appears that this problem is here to stay. (Here's our previous episode on how renters are using TikTok to defraud landlords.)   Today's Guest: Andy McQuade is the principal of The ARM Companies, which provides procurement and management consulting to clients in the real estate industry. Andy joins host Paul Mueller to discuss recent JLL reports which suggest that material costs are expected to increase in 2024 by anywhere from 2-6%, but electrical and related switchgear costs could be higher as companies continue to face labor and availability issues. Meanwhile, HVAC manufacturers and suppliers have also announced price hikes as high as 10% in some cases. Andy McQuade | Real Estate Background Principal at The ARM Companies Previous episode: JF3265: Save Six Figures on Your Next Project With These Construction and Efficiency Upgrades Portfolio: Self-Storage Based in: Rochester, NY Say hi to him at:  andymcquade.com LinkedIn Podcast   Sponsors BAM Capital

The NAA Apartmentcast
The NAA Apartmentcast - Federal Legislative and Regulatory Update

The NAA Apartmentcast

Play Episode Listen Later Dec 12, 2023 33:54


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's AVP of Housing Policy & Regulatory Affairs Nicole Upano, and Jodie Anderson, Director, Federal Legislative Affairs for NAA, for an update on federal regulation and legislative affecting rental housing. For those interested in learning more about housing policy, NAA has a wealth of resources, including a policy issues library, state-by state legislative tracker, the Apartment Advocate and Apartment Advocate Pro newsletters, and much more, all on NAA's website. You are also invited to register for Advocate, NAA's annual advocacy conference and Lobby Day, March 12-13 in Washington, D.C. d

Multifamily Leaders Podcast
Episode 60: Raise Your Hand: Growing Your Career and Community through Involvement with Steve Sorkin

Multifamily Leaders Podcast

Play Episode Listen Later Dec 11, 2023 31:14


Steve Sorkin's career has taken him from Ivy League football to international sales to disaster recovery. As the CEO of 24 Restore, he also became a delegate to the National Apartment Association and Chair of the National Suppliers Council. Steve has great insights into how the NSC can benefit owner-operators, and he offers advice for jumping in with both feet to get involved in associations and build your own career.

The NAA Apartmentcast
The NAA ApartmentCast - Diversity, Equity and Inclusion

The NAA Apartmentcast

Play Episode Listen Later Oct 13, 2023 45:24


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with Khara House, 2023 Chair of NAA's DE&I Committee and Director of Communications and Public Affairs for the Bella Group; Lorri Oliver Goldmann, Vice Chair of the DE&I Committee and the Vice President of Diversity and Inclusion for Avenue5 Residential; and Marci French, Immediate Past Chair of the DE&I Committee and the Vice President of Asset Management for HRG Asset Management as well as Chief facilitator for French's Leadership Solutions. There are a litany of resources available on NAA's website, including DE&I Education Programs, webinars, resources and tools, events and initiatives, scholarship opportunities and forums. Visit naahq.org/ diversity-equity-inclusion for more.NAA Diversity, Equity & Inclusion (DE&I) Awareness Week is back, Oct. 16-20. Register and learn more today!

The NAA Apartmentcast
The NAA ApartmentCast - 2023 Dollar of Rent

The NAA Apartmentcast

Play Episode Listen Later Oct 12, 2023 23:34


Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's Leah Cuffy, Director of Industry Advocacy Research, to discuss the launch of NAA's 2023 edition of the Dollar of Rent. Read more about NAA's Dollar of Rent analysis and download the explanatory infographic.

Accredited Income Property Investment Specialist (AIPIS)
418: The Current State and Future of Rental Housing: Exploring COVID-19's Impact, Demand Surge, and Challenges for Affordable Housing with Jay Parsons

Accredited Income Property Investment Specialist (AIPIS)

Play Episode Listen Later Aug 17, 2023 20:34


Jason welcomes rental housing economist Jay Parsons for part 1 of today's podcast. Jay serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management. Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt. Jason and Jay discuss the current state and future of rental housing. He highlights the roller coaster nature of the rental market, with a slowdown during the COVID-19 pandemic followed by a surge in demand in 2021. Rent growth has been strong, although it has moderated compared to the previous years. The rental market's performance varies by geography, with some areas experiencing a slowdown while others remain strong. Jay also discusses the influx of new multi-family inventory in the market, which reached a 50-year high due to strong demand and construction activity. While there may be short-term imbalances between supply and demand, Jay emphasizes the long-term need for more housing supply. He believes that the rental market, including both single-family rentals and multi-family apartments, will continue to experience strong demand due to demographic factors. Millennials and Generation Z are entering the market, and the housing market will benefit from their demand for rental properties. However, Jay acknowledges the challenge of providing affordable and workforce housing. Most new construction caters to higher-income households, and building affordable housing is easier said than done. The cost of land, labor, and materials, as well as regulatory restrictions, pose significant obstacles to affordable housing development. Nimbyism (Not In My Backyard) attitudes and opposition from neighbors and local governments further complicate the issue. Jay emphasizes the need to bridge the gap between ideals and practical implementation to address the shortage of affordable housing effectively. Key Takeaways: 0:47 Welcome Jay Parsons; rental rates are closer to normal 2:28 It's all dependent on geography 5:34 Demographics, household formation age and the demand tailwinds 7:35 Building affordable workforce housing 11:28 So many requirements to build cheap new houses which brings the cost way up 12:48 A little hope from Florida 14:23 Moving up or down the socioeconomic ladder 17:00 The rent to income ratio, tracking apples & oranges   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Real Estate News: Real Estate Investing Podcast
Support Growing for Supreme Court Review of Key Rent Control Law

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jul 19, 2023 5:04


The rent control debate is gaining momentum at the top of the legal food chain. New York landlords are asking the Supreme Court to overturn lower court decisions on a 2019 rent stabilization law, and several national real estate groups are showing support. If the high court takes the case and rules in their favor, experts say it could “destabilize” rent stabilization laws across the nation.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   The two landlord groups pushing for a Supreme Court review of the lower court rulings are the Community Housing Improvement Program and the Rent Stabilization Association. They are both based in New York, and claim that the 2019 “Housing Stability and Tenant Protection Act” is unconstitutional. The law is also known as the Rent Stabilization Law or RSL. (1)   Housing Stability and Tenant Protection Act   The landlords lost their case in federal court and the court of appeals, so they are now hoping that the conservative-leaning high court may offer a different opinion. Within the past few weeks, several major business and real estate groups threw their weight behind the plaintiffs including the U.S. Chamber of Commerce, the National Association of Realtors, the National Association of Homebuilders, the National Apartment Association, the Mortgage Bankers Association, and others. They showed their support by submitting amicus briefs, which is like saying they are friends in support of the plaintiffs who would like the Supreme Court to grant a writ of certiorari or, in plain English, a review of the case. In other words, they want the Supreme Court to accept the case.   The lawyer representing the plaintiffs, Andrew Pincus, told the National Review that the RSL is a property rights infringement. He says: “The Constitution has certain property protections, one of which is the Fifth Amendment's takings clause.” That means that the government is not allowed to take private property for public use without “just compensation.” He says that that concept is at the heart of the lawsuit. (2)   Property Rights Infringement Under the “Takings” Clause   Under the umbrella of the takings clause concept are two supporting arguments. One claims that the RSL is equal to a regulatory “taking” based on a 1978 case out of New York City. It's related to the economic impact of the law, the extent of the government interference, and the kind of government action being taken. The second argument is based on a 2021 case out of California where the court ruled that a law allowing union organizers onto private property amounted to a physical taking. Pincus compared this to a landlord's situation by saying: “They can't choose their tenants freely, nor can they reclaim their property as they wish.”   In the case of the RSL, critics say it dictates who can live on the property, how long they can live on the property, how much or how little they should pay in rent, and how much the property owners can invest to maintain the property – all of which have an impact on the financial viability of being a landlord and whether the landlord is allowed to make reasonable use of the property.   On the other side of the argument, are New York City officials and rent stabilization supporters who say the law does “not” amount to a taking because the property owners are not deprived of the economic benefits, according to certain standards known as Penn Central standards which resulted from one of the previous lawsuits I mentioned. Pincus disagrees, saying it runs contrary to the requirement of “just compensation” when private property is taken for public use.   Other RSL Issues Undermine Benefits for Needy Tenants   Critics also highlight other downsides of the law that actually hurt tenants. One is the lack of a method for determining whether tenants truly need low cost housing. Pincus says it's more of a lottery, where some lucky tenants get a great deal on rent despite the size of their paycheck. And other tenants, who might really needs a break on the rent, are sidelined.   Another is that many tenants remain in rent-controlled units long after they need financial help, which prevents low-income tenants from accessing housing they truly need. Joe Strasburg of the Rent Stabilization Association says it “gives people a huge incentive to stay in apartments no matter what.”   No word yet on whether the Supreme Court will accept the case.   You'll find links to our sources at newsforinvestors.com. You can also find out more about the real estate market and how rental properties can help you become financially independent by signing up as a RealWealth member. It's free to join, and takes just a few minutes. And don't forget to subscribe to his podcast!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.bisnow.com/national/news/multifamily/national-landlord-organizations-join-chips-supreme-court-fight-against-rent-regulation-119647   2 - https://www.nationalreview.com/2023/07/the-case-against-new-yorks-rent-regulatory-regime/

Learn Real Estate Investing | Lifestyles Unlimited
(July 11, 2023) Tell Del Tuesday – Finding Passion in Life and Real Estate

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Jul 11, 2023 30:07


Del Walmsley interviews Steve about his remarkable journey from passive investor to Multifamily Lead Investor™ and recipient of a prestigious National Apartment Association award. Steve shares how joining Lifestyles Unlimited in 2004 ignited his passion for real estate investing, which has allowed him to achieve financial freedom and give back to the communities he invests in. Whether you're a seasoned investor or just starting out, Steve's story is sure to motivate and inspire you to take action! Click to Listen Now

Creating Wealth Real Estate Investing with Jason Hartman
2005: The Current State and Future of Rental Housing: Exploring COVID-19's Impact, Demand Surge, and Challenges for Affordable Housing with Jay Parsons

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later May 29, 2023 35:58


Today, Jason talks about the importance of focusing on rental yields and overall return on investment rather than speculative appreciation. While rental prices have been decelerating, they are still increasing by over 4% annually. Visit https://www.jasonhartman.com/ for property investment information and a free video on how to read a proforma for real estate investment and check out his social media accounts for shorter real estate investing lessons. Jason welcomes rental housing economist Jay Parsons for part 1 of today's podcast. Jay serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management. Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt. Jason and Jay discuss the current state and future of rental housing. He highlights the roller coaster nature of the rental market, with a slowdown during the COVID-19 pandemic followed by a surge in demand in 2021. Rent growth has been strong, although it has moderated compared to the previous years. The rental market's performance varies by geography, with some areas experiencing a slowdown while others remain strong. Jay also discusses the influx of new multi-family inventory in the market, which reached a 50-year high due to strong demand and construction activity. While there may be short-term imbalances between supply and demand, Jay emphasizes the long-term need for more housing supply. He believes that the rental market, including both single-family rentals and multi-family apartments, will continue to experience strong demand due to demographic factors. Millennials and Generation Z are entering the market, and the housing market will benefit from their demand for rental properties. However, Jay acknowledges the challenge of providing affordable and workforce housing. Most new construction caters to higher-income households, and building affordable housing is easier said than done. The cost of land, labor, and materials, as well as regulatory restrictions, pose significant obstacles to affordable housing development. Nimbyism (Not In My Backyard) attitudes and opposition from neighbors and local governments further complicate the issue. Jay emphasizes the need to bridge the gap between ideals and practical implementation to address the shortage of affordable housing effectively. Key Takeaways: Jason's editorial 1:17 Rental rates are going up! 2:41 Watch the video crash course on "How to read a Proforma" on https://www.jasonhartman.com/  and follow me on Instagram and Twitter 4:06 My Europe trip, loosing my luggage and standing up to the corporatocracy!  14:21 Uncertain economic outlook keeps renters where they are, pushing cap rates up Jay Parson interview 16:11 Welcome Jay Parsons; rental rates are closer to normal 17:41 It's all dependent on geography 20:47 Demographics, household formation age and the demand tailwinds 22:48 Building affordable workforce housing 26:41 So many requirements to build cheap new houses which brings the cost way up 28:00 A little hope from Florida  29:35 Moving up or down the socioeconomic ladder 32:22 The rent to income ratio, tracking apples & oranges   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Recession Timeline, Construction Material Costs, Homeowner Wealth Report

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Apr 26, 2023 6:31


In this Real Estate News Brief for the week ending April 22nd, 2023… we have two new forecasts on whether we'll see a recession this year, some good news about the cost of construction materials, and a report that shows how much wealthier you are if you own instead of rent.    Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with a look at economic news from the past week. There are a few new reports predicting that we'll have a “mild” recession in the second half of the year. The Conference Board's leading economic indicator index, or LEI, was down for a 12th month in a row in March. It fell 1.2%, which is the biggest decline in the last three years, according to MarketWatch. The index is a compilation of 10 indicators. One Conference Board manager says: “Economic weakness will intensify and spread more widely throughout the U.S. economy over the coming months, leading to a recession starting in mid-2023.” (1)   Fannie Mae economists are also predicting a recession later this year. The GSE's Economic and Strategic Research Group says the economy is “running out of steam.” Although the economy got off to a strong start this year, the ESR group expects to see an economic contraction during the second half of 2023. Fannie Mae's chief economist Doug Duncan, says: “The economic slowdown has resumed – whether the end result is a modest recession or simply a soft landing remains unanswered.” He attributes much of his optimism to the strength of the housing market, saying: “The greater-than-expected resilience of the housing sector to the affordability pressures of higher home prices and mortgage rates is central to our expectation that the recession will be modest.” (2)   The Labor Department reported another weekly increase in jobless applications, which are now at their highest level since the end of 2021. Initial claims were up another 5,000 to a total of 245,000. That's still an historically low number. Continuing claims also jumped a bit. They were up 61,000 to a total of 1.87 million. (3)   Housing starts were down .8% in March, to a rate of 1.52 million. The drop is mostly due to a slowdown in condo construction which fell 6.7%. Starts for single-family homes offset that a bit with an increase of 2.7%. Permits for single-family homes were also higher, by 4.1% while permits for multi-family buildings were down almost 25%. The pullback in apartment construction follows a red-hot building streak over the last several months. (4)    Builders are feeling more confident about the market as demand grows for new homes. The National Association of Home Builders says its monthly confidence index was up one point to 45 in April. It's the fourth month that the index has gone higher, and it's now the strongest it's been since September of last year. Demand is strong because the inventory for existing homes is so low. (5)   Meantime, existing home sales were down 2.4% in March, to an annual rate of 4.44 million. Compared with March of last year, they are down 22%. Prices are also falling which means that current homeowners would lose some of their equity if they sold now. The National Association of Realtors says that prices were down 1% in March, which is the biggest monthly drop in a decade. That's a national number. A recent report from Black Knight says that prices are falling in the West but rising in the East. Prices are falling the most in cities that experienced a pandemic housing market boom. (6) (7)   Mortgage Rates   Mortgage rates started rising again this last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 12 basis points to 3.69%. The 15-year was up 22 points to 5.76%. (8)   In other news making headlines…   Prices Dipping for Construction Materials    Prices for construction materials are finally coming back to earth. According to an analysis by the Associated Builders and Contractors group, they are lower today than they were a year ago. It's the first year-over-year decrease we've seen in more than 18 months. Construction Dive says that building costs are still almost 40% higher than they were right before the pandemic struck. (9)   Costs for some individual construction materials remain high, however. Bisnow reports that concrete is up 14.5% from a year ago. Construction machinery and equipment is also about 12% higher. Prices are also fluctuating a lot from month to month. Chief Economist Ken Simonson for the Association General Contractors of America told Construction Dive that: “Contractors remain wary about committing to projects” because of the price volatility.   Some contractors are also putting the brakes on hiring. The Bureau of Labor Statistics reports a 50% drop in construction job openings at the start of this year.   Homeowner vs. Renter Wealth Report   Many homeowners are becoming much wealthier than renters, thanks to an increase in their home equity. A study by the National Association of Realtors shows that over the last decade, homeowners became more than 40 times wealthier than the average renter because of that equity. (10)   The average gain since 2012 is about $99,000 for low income homeowners, about $122,000 for middle-income homeowners, and about $150,000 for upper-income homeowners.    That's it for our latest economic and housing market updates. Please check the show notes for links at newsforinvestors.com. And please remember to click on the Join for Free button at our website for information about real estate investing, and don't forget to subscribe to this podcast, if you haven't already!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/the-u-s-economy-is-headed-toward-recession-leading-index-keeps-signaling-afe5f314?mod=economy-politics   2​​ - https://www.scotsmanguide.com/news/fannies-latest-forecast-maintains-modest-recession-still-in-play/   3 - https://www.marketwatch.com/story/jobless-claims-climb-to-245-000-and-signal-rising-layoffs-5409f9d7?mod=economy-politics   4 - https://www.marketwatch.com/story/u-s-housing-starts-decline-in-march-as-apartment-construction-cools-717828a7?mod=economic-report   5 - https://www.marketwatch.com/story/builder-confidence-rises-for-fourth-consecutive-month-amid-low-number-of-resale-listings-d377885e?mod=economic-report   6 - https://www.marketwatch.com/story/u-s-existing-home-prices-fall-nearly-1-in-march-biggest-drop-in-a-decade-910e9be5?mod=economic-report   7 - https://www.cbsnews.com/news/home-price-regional-breakdown-mortgage-housing/   8 - https://www.freddiemac.com/pmms   9 - https://www.bisnow.com/national/news/construction-development/construction-material-costs-lower-than-a-year-ago-still-39-higher-than-pre-pandemic-118528   10 - https://www.nar.realtor/magazine/real-estate-news/study-homeowner-wealth-is-40-times-higher-than-renters

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Two Inflation Reports, Fed Minutes on What's Next, Mortgage “Sweet Spot” for Homebuyers

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Apr 19, 2023 5:43


In this Real Estate News Brief for the week ending April 15th, 2023… we have two inflation reports, the minutes of the last Fed meeting, and the results of a survey on an acceptable mortgage rate.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week. The government released two reports on inflation that show prices are rising more slowly, but that inflation is still too high. The Consumer Price Index or CPI shows a small .1% increase in March, mostly due to lower food and gas prices. Energy prices were down 3.5% while groceries fell .3% including an 11% tumble for egg prices. Grocery prices are still 8.4% higher year-over-year, but those declines helped slow the yearly rate from 6% to 5%, which is the lowest we've seen since May of 2021. (1)   The news isn't quite as good for the core rate, which strips out food and gas. That was up .4% and “raised” the annual rate from 5.5% to 5.6%. The increase was partly caused by a 2.7% increase in shelter prices, although rents and home price growth are slowing.    The Producer Price Index or PPI for March was also released, and shows a big drop in wholesale prices. That typically means we'll see retail prices coming down in the coming months. The data shows a .5% monthly decline which brings the yearly rate down from 4.9% to 2.7%. That's the lowest it's been since January of 2021. The core rate shows a slight increase of .1%. That also reduced the annual rate from 4.5% to 3.6%. (2)   Meantime, the Federal Reserve released minutes from the meeting in February which resulted in a quarter-point rate hike. The notes show that Fed officials are very concerned about rate hike stress on the banking system, and are now admitting that we'll likely see at least a “mild” recession later this year. They raised the Federal Funds rate nine times in a row to a range of 4.75% to 5% at the last meeting. They believe that inflation is still much too high and that further rate hikes may be needed, but they will be looking closely at the incoming economic data ahead of their meeting in May. (3)   U.S. Treasury Secretary Janet Yellen spoke out at the end of the week, saying that banks are being more cautious, and that if they tighten their lending standards further, there may be no need for further rate hikes. She said that would serve as a “substitute for further interest rate hikes that the Fed needs to make.” (4)   Consumers are spending less, which is another sign that the economy is softening. Retail sales have declined four out of the last five months, and were down 1% in March. As reported by MarketWatch: “Retail sales haven't fallen off a cliff, but they also aren't rising rapidly like they did in 2021 and early 2022.” (5)   Jobless applications are slowly rising. There were 239,000 initial claims for the previous week, which is an increase of 11,000. That's not much of a blow to the job market, but it does show that layoffs are slowly rising. Most of the unemployment applications were filed in California where big tech companies are handing out pink slips. Continuing claims are still very low at 1.81 million. (6)   Mortgage Rates   Mortgage rates held steady for the most part. Freddie Mac says the average 30-year fixed rate mortgage was down just one basis point to 6.27%. The 15-year was also down one point to 5.54%. (7)   In other news making headlines...   Mortgage Rate “Tipping Point”   The National Association of Realtors is predicting they will fall below 6% by the end of the year. NAR economist Nadia Evangelou says: “If rates drop to 6%, 3.1 million more households will be able to afford to buy the median-priced home compared to the beginning of the year.”   A survey by John Burns Real Estate Consulting shows the “sweet spot” for most homebuyers is lower than 6%. 71% of the participants taking that survey said they won't accept anything higher than 5.5%. (8)   Sharp Drop in Single-Family Permits   There's been a steep drop in the number of building permits pulled for single-family homes. The National Association of Home Buliders says the they are down more than 34% year-over-year with the sharpest decrease in the West followed by the South and the Midwest. They are down about 44%, 33%, and 31% respectively. The Northeast had the smallest drop of 23%. (9)   Multifamily permits are up slightly for the nation with a year-over-year rate of just over 8%. There's been a steep drop in the Northeast for apartments while they have surged to almost 32% in the South.   Texas had the highest number of single-family permits, but those have dropped more than 40% in the last 12 months. Florida and North Carolina have also experienced big declines of just over 31% and 22% respectively.   That's it for today. You'll find more on all these topics by following links in the show notes at newsforinvestors.com. You can also learn more about how demand is growing for single-family rentals at our website and where it makes sense to buy them. Hit the “Join for Free” button to become a member with access to all parts of our website. And  please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/consumer-prices-rise-more-slowly-cpi-shows-but-inflation-still-stubbornly-high-74611cd9   2 - https://www.marketwatch.com/story/wholesale-inflation-posts-biggest-drop-in-3-years-ppi-shows-3fc04750?mod=economy-politics   3 - https://www.marketwatch.com/story/fed-officials-at-march-meeting-were-keenly-worried-about-impact-of-bank-stress-on-economy-26f2d36d?mod=mw_latestnews   4 - https://www.cnbc.com/2023/04/15/yellen-says-us-banks-may-tighten-lending-and-negate-need-for-more-fed-rate-hikes.html   5 - https://www.marketwatch.com/story/retail-sales-tumble-in-march-in-a-sign-of-softening-u-s-economy-b9d35c44?mod=economy-politics   6 - https://www.marketwatch.com/story/jobless-claims-climb-to-239-000-and-point-to-rising-layoffs-5f07ceb5?mod=economy-politics   ​​7 - https://www.freddiemac.com/pmms   8 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-move-closer-to-sweet-spot-for-buyers   9 - https://eyeonhousing.org/2023/04/steep-year-over-year-decline-for-single-family-permits-in-february-2023/